UBS analyst Jon Windham lowered the firm’s price target on SolarEdge to $115 from $285 on Friday, while keeping a Neutral rating on the shares. The firm notes the company reported preliminary Q3 results well below the guidance provided during the Q2 call. This is the beginning of what UBS expects will be a volatile reporting season for residential solar names. The scale of SolarEdge’s revenue miss is severe, in UBS’ view, considering Q3 revenue guidance was given on August 1st, a month into the quarter.
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